市場調查報告書
商品編碼
1182381
動物飼料用酵素的全球市場的分析·預測 (~2028年):形態·原料·類型·家畜·各地區Animal Feed Enzymes Market Forecasts to 2028 - Global Analysis By Form, By Source, By Type, By Livestock and Geography |
全球動物飼料用酵素的市場規模預測將從2022年的18億7,000萬美元,在預測期間中以9.6%的年複合成長率推移,到2028年成長到32億5,000萬美元的規模。
本報告提供全球動物飼料用酵素的市場調查,彙整市場概要,市場成長的各種影響因素分析,市場規模的轉變·預測,各種區分·地區/各主要國家的明細,競爭環境,主要企業簡介等資訊。
According to Stratistics MRC, the Global Animal Feed Enzymes Market is accounted for $1.87 billion in 2022 and is expected to reach $3.25 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Enzymes for animal feed are chemicals or catalysts that are released by cells to enhance the rate of particular chemical reactions. Animal feeds are fortified with animal feed enzymes, which are released in the digestive system to assist in food digestion. They are utilized by livestock producers as methods to increase the nutritional value of feed ingredients, prevent environmental degradation, and lower feed costs.
According to the Alltech feed survey, the feed industry has seen a total growth of 13%, which translates to an average growth rate of 2.49% per annum.
Market Dynamics:
Driver:
Provision of feed cost-efficiency
Livestock farmers continue to place a high priority on reducing feed expenditures per livestock. The overall nutritional value of the diet has a significant impact on the capacity to boost feed digestibility. It has been proven that diet can control up to 90% of the diversity in the way the body responds to the addition of enzymes. By improving digestibility, diets' nutrient density can be raised while production costs are reduced. Furthermore, enzymes have an impact on the total indigestible food component, feed enzymes are used to maintain livestock performance while minimising feed costs.
Restraint:
High inclusion rates of enzymes to have adverse effects
Due to the fact that feed enzymes have a major influence on the growth of the livestock industry, there are physiological limits to enzyme responses in the digestive systems of cattle. Excessive feed enzyme levels may change the ratio of endogenous enzymes in the intestinal system, which could have negative effects on health. Age, diet type, and the quantity of enzyme inclusion rates in feed products are some of the variables affecting variations at this level. Moreover, feed enzymes can have a variety of unfavourable effects, including vomiting, gas, diarrhoea, and swelling in the legs and feet. Additionally, some animals develop adverse reactions to digestive enzymes.
Opportunity:
Innovation in phytase production processes
In preliminary research, some fungi might grow in POME (palm oil mill effluent) and produce phytase enzymes. The use of phytase enzyme-containing feed products for monogastric and digastric livestock may improve nutrient absorption efficiency and livestock resistance to disease assaults. One type of waste, palm oil mill effluent (POME), has not been widely utilised in the production of enzymes. Some fungi exhibit signs of having the ability to produce phytase on POME. A large portion of POME is disposed of in landfills, where it pollutes the environment.
Threat:
High R&D investments
Owing to the need for high-quality feed enzymes at prices that are competitive on a worldwide scale, the feed industry needs to make significant investments in research and development as well as in enzyme production and manufacturing. They need enhanced infrastructure, which includes molecular technique labs with the instruments required to discover new enzymes, such as those for metagenomics and genomics. Additionally, most manufacturers have a small number of R&D facilities, which initially require significant investments, which is hindering market growth.
COVID-19 Impact:
Due to the COVID-19 outbreak, the supply chain was impeded, which reduced availability. The pandemic had a slight effect on the feed enzymes market. Additionally, many farmers resorted to panic buying animal feed in anticipation of potential shortages when various governments enacted stay-at-home orders. Farmers were driven to store their supply of animal feed as a result of a number of concerns, including truck shortages, reduced deliveries, and employees acquiring COVID-19.
The microorganism segment is expected to be the largest during the forecast period
Due to the increased usage of these sources to extract feed enzymes, the microorganism segment dominated the market during the anticipated period. Microorganisms continue to play a significant role in the production of stable and essential feed enzymes for industry. In the production of animal feed, enzymes from microorganisms are essential. In order to improve the quality of feed, microbial enzymes are discovered using molecular techniques, including metagenomics and genomics.
The carbohydrase segment is expected to have the highest CAGR during the forecast period
Most livestock producers and manufacturers of animal feed prefer to use carbohydrase as an enzyme. The inclusion of carbohydrase in the feed has substantial advantages for the animals. Monogastric animals typically have a starch digestion capacity of around 90%, but carbohydrase helps increase this ratio. Enzymes that catalyse the digestion of carbohydrates are also very effective at boosting the amount of energy that feed items can provide.
Region with largest share:
The Asia-Pacific region's feed enzymes market is anticipated to hold the largest share owing to increased demand for the production of compound feed. The feed mill companies are actively looking for innovations in feed enzymes that add value to the expanding livestock sector of the nation as the feed and animal production industry, primarily for broilers and pigs, continues to change rapidly in China. Furthermore, the need for alternate feed additives like enzymes and other products is expanding as people become more aware of the detrimental effects of antibiotics, which is fueling the market in this region.
Region with highest CAGR:
Due to the rise in the number of feed mills and feed production, the Asia-Pacific region is expected to witness the highest CAGR during the projection period. Moreover, the presence of a substantial livestock population and their growth rate, and the rising demand for protein-rich meat & dairy products in developing countries like China, India, and Japan in this region, all of which are major contributors to the growth in the Asia Pacific region.
Key players in the market
Some of the key players in Powder Metallurgy market include BASF SE, DuPont, Adisseo, Novozymes, ENMEX, Advanced Enzyme Technologies, Elanco, BioResource International, Inc, Kemin Industries, Inc., Cargill, Koninklijke DSM N.V., Alltech Inc., Beldem SA, Bioproton Pty Ltd and Meyer Holding AG.
Key Developments:
In April 2020, BASF SE took the decision to stop its "smart Verbund project," which was in the initial phase with a planned investment of USD 10 billion. They started the construction on a plant complex in Zhanjiang, China, in November 2019, which had stopped due to the outbreak.
In February, 2020, BEC Feed Solutions stated it had commenced work to redevelop its Carole Park location into a new state-of-the-art manufacturing facility. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-story office building, which will significantly increase their production.
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